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Published on 7/28/2009 in the Prospect News High Yield Daily.

Ford Motor Credit's FCE Bank buys back €10 million more floaters

By Susanna Moon

Chicago, July 28 - FCE Bank, plc, a U.K.-based wholly owned subsidiary of Ford Motor Credit Co., said it repurchased another €10 million of its floating-rate notes due Sept. 30, 2009 on July 27.

After the repurchases, the outstanding balance is €713 million.

FCE said it bought back €2 million of the floaters on July 9, €10 million on July 14 and €10 million on July 17.


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